Misallocation definition

Misallocation has the meaning specified in Section 7(b)(iii) hereof.
View Source
Misallocation is defined as a transgression of one or more of the following precepts:
View Source
Misallocation means tax paid by the taxpayer and allocated to one unit of local government that should have been allocated to a different unit of local government. "Misallocation" does not include amounts overpaid by the taxpayer and therefore not owed to any unit of local government, nor amounts underpaid by the taxpayer and therefore not previously allocated to any unit of local government.
View Source

Examples of Misallocation in a sentence

  • However, Contractor’s task of finding Misallocation of Sales/Use Tax Payments by the TCPA shall not require the Director’s zip code authorization.

  • The obligation of the Members to provide indemnification to Chart and Holdings hereunder with respect to Misallocation Claims shall terminate (except with respect to any claim for which a Claim Notice (as defined below) has been provided) on the second anniversary of the Effective Time.


More Definitions of Misallocation

Misallocation. “Misallocate,” and “Misallocated” refers to the improper division of Sales Tax proceeds between the Parties.
View Source
Misallocation means tax paid by the taxpayer and
View Source

Related to Misallocation

  • Allocation has the meaning set forth in Section 3.3.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Asset Allocation The following single issuer limits shall apply on a market value basis, with exception of Money-Market funds and US Government guaranteed securities, which may be held without limit:

  • Final Allocation has the meaning set forth in Section 2.3.

  • Required Allocations means (a) any limitation imposed on any allocation of Net Losses or Net Termination Losses under Section 6.1(b) or 6.1(c)(ii) and (b) any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), 6.1(d)(ii), 6.1(d)(iv), 6.1(d)(vii) or 6.1(d)(ix).